ALNY Valuations

Quarterly trend of key valuation metrics

Metric	Current (TTM) TTM Baseline	Q2 '26 30.06.2026	Q1 '26 31.03.2026	Q4 '25 31.12.2025
Market & Enterprise Value
Market Cap	31.13B EUR	40.26B EUR	44.15B EUR	52.64B EUR
Enterprise Value	29.72B EUR	39.82B EUR	43.71B EUR	52.26B EUR
Valuation Multiples
Trailing P/E	39.24x	49.82x	77.29x	144.11x
Forward P/E	18.73x	--	--	--
Price to Sales	6.48x	8.38x	10.3x	16.87x
Price to Book	22.98x	29.73x	41.06x	66.7x
EV/Revenue	6.19x	8.29x	10.2x	16.75x
EV/EBITDA	28.19x	34.69x	48.14x	86.59x
Price to FCF (P/FCF)	114.66x	49.1x	68.63x	88.52x
EV/FCF	109.46x	48.57x	67.95x	87.88x
FCF Yield	0.87%	2.04%	1.46%	1.13%